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hired by large law firms and for gastroenterology fellows, and the market for post-season college football bowls. Together …
Persistent link: https://www.econbiz.de/10012462101
We study the importance of technology and institutions in determining the size of markets in five different countries and fifteen different German states. The setting of 19th century Europe presents a unique opportunity to address this issue, since it witnessed fundamental change in both...
Persistent link: https://www.econbiz.de/10012464734
We revisit the debate over whether political institutions cause economic growth, or whether, alternatively, growth and human capital accumulation lead to institutional improvement. We find that most indicators of institutional quality used to establish the proposition that institutions cause...
Persistent link: https://www.econbiz.de/10012468125
Implementation of workplace policies--whether through enforcement of laws or administration of programs--raises the question of the interaction between institutions created to carry out laws and the activities of workplace based agents that directly (e.g. unions) or indirectly (e.g. insurance...
Persistent link: https://www.econbiz.de/10012469135
theory, could be corrected by government intervention. However, as long as government policy is determined by voting …
Persistent link: https://www.econbiz.de/10012471858
Specific quasi-rents build up in a wide variety of economic relationships, and are exposed to opportunism unless fully protected by contract. The recognition that such contracts are often incomplete has yielded major insights into the organization of microeconomic exchange. Rent appropriation,...
Persistent link: https://www.econbiz.de/10012473077
This paper demonstrates that failures in monetary policy arise not just from dynamic inconsistency, but more importantly, from imperfect understanding of the economy and the effects of policy. Using recent and historic episodes from the United States and abroad, we show that limited knowledge on...
Persistent link: https://www.econbiz.de/10012473291
precedents - - of CVD law influences the success or failure of the contending parties. Two alternative theories of political … economy are tested. Capture Theory de-emphasizes the role of institutional settings of the kind at work here: The outcomes of … before the Department of Commerce, this study finds more support for Capture Theory than for the New Institutionalism. An …
Persistent link: https://www.econbiz.de/10012474176
In this paper we provide evidence using annual data for the period 1880 to 1986 that institutional variables are significant determinants of velocity in the United States, United Kingdom, Canada, Sweden and Norway. This evidence supplements our earlier findings (Bordo and Jonung, Cambridge...
Persistent link: https://www.econbiz.de/10012475833
This study examines the changes in labor market institutions and outcomes across (ECD countries in the past two decades and relates indicators of the institutions to outcomes. It has four findings. First, there has been an increased divergence in labor market institutions, with unionisation...
Persistent link: https://www.econbiz.de/10012476507